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Feb 1, 2013
02/13
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one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very
one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging...
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Jan 28, 2013
01/13
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. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. sic: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make someone happy.♪ ♪make just one heart to heart you - you sing to♪ ♪one smile that cheers you ♪one face that lights when it nears you.♪ ♪and you will be happy too. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should
. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. sic: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make someone happy.♪ ♪make just one heart to heart you - you sing to♪ ♪one smile that cheers you ♪one face that lights when it nears you.♪ ♪and you will...
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Feb 1, 2013
02/13
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you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super commission. they did nothing. that failed. now he's got to come out and take on everybody in that huge pile of tax expenditures. realtors, life insurance -- he is headed for -- it will take a lot more than two years and especially in a reelection year. now mcconnell in reelection year. >> potential primary for mitch mcconnell? >> i think scenarios are set for anybody that violate the mantra or whatever the great issue is. the great base, whatever the base is. but if you get out there and mess around with that, they will pick you up in the pr
you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super...
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Jan 24, 2013
01/13
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taxes came from taxes on fast-food and property taxes. so you ended up taxing the rich more, right? because the bigger your property was, the more you paid. >> a lot of people feel there will be cut backs in other areas to make up for the lack of income. or as michelle talked about, can they make it up in other areas. >> money moves to taxes that get rid of their -- states that get rid of income tax. like $150 billion over the last 15 years, according to "how many walks" moved from states that had income tax to states that didn't. the nine highest taxed states lost a hundred billion of income -- of wealth, rather. it is proven it works. it attracts wealth to your state by getting rid of income tax. >> i couldn't believe this but for the billionaire that has everything. michael dell is on order to buy a boeing 787 dreamliner. i don't know if it is him per se buying it or whether the corporation that behind him that does it. >> this is a mystery p.m. pep familiar with him say it isn't his style to have a big plane like this. it is done through international leasing. it could be that t
taxes came from taxes on fast-food and property taxes. so you ended up taxing the rich more, right? because the bigger your property was, the more you paid. >> a lot of people feel there will be cut backs in other areas to make up for the lack of income. or as michelle talked about, can they make it up in other areas. >> money moves to taxes that get rid of their -- states that get rid of income tax. like $150 billion over the last 15 years, according to "how many walks"...
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Jan 25, 2013
01/13
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payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents
payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little...
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Jan 25, 2013
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that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on the taxing side but certainly on the expenditure side. i'm dying to hear the -- to hear the expenditure and less spending side. i agree with that. but i'm not -- i'm not -- i wouldn't use the term disappointed until this whole process is over. i don't think we're in the -- i don't think we're in the seventh inning of this process. >> yeah. >> because at this point, we're -- >> at this point we're at, you know, simpson-bowles and rivlin domenici and the gang of all of these the idea was to get rid of a lot of the deductions and loopholes, so that you could broaden the base with a lower
that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on...
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Jan 25, 2013
01/13
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in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all the oils because more oil will be used when things get better sending the hesses and conocos higher with them. that's how schlumberger can be ten points above where it was when it pre-announced a shortfall. and, of course, any uptick in employment has huge implications for autos and for homes where for a couple of years we were building homes at a rate that came in under what we were building when we had half as many people in this country. more homes means more retailers doing business to fix those homes, and it means more businesses for the banks, the processed home loans and that group gets
in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all...
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Jan 29, 2013
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by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down bond prices -- bond rates even though they're buying so many. let me ask you, is the bond play a sucker play right now? if you think there's stronger growth coming and you see this stock market rally which has great legs, corrections or not, great legs, is it time to get out of bonds? >> yes, some investors, larry, have to be in bonds, they're benchmarked, certain liquidity and credit restraints. they have to be in treasuries. as an individual investor, you'd want to stay away from bonds. and if you were a speculative investor, you'd want a short bonds. there's no value in the treasury market. with nominal gdp even at 4% let alone the possibility we could accelerate to five. they don't belong at 2%, really somewhere over 4%. they won't get to 4% until the fed actually
by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down bond prices -- bond rates even though they're buying so many. let me ask you, is the bond play a sucker play right now? if you think there's stronger growth coming and you see this stock market rally which has great legs, corrections or not, great...
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Jan 28, 2013
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they're already working here and are paying some taxes. this will get them fully on the tax rolls. even more important than that for the future of the economy, this will give us the workers we need the the future. both high skilled workers like scientists and low skilled workers that will help grow the economy. >> i would really like to know how you overcome zen phobia. the idea that immigrants come here and steal our jobs. i mean, i always felt the fact of the matter is they're often doing the jobs the locals don't ef want to do. but how do we get over that? >> obviously people are wary of this, but when -- people do -- for example, many americans now realize that they're not raising their kids to be farm workers. many americans realize that they're not raising their kids to be home health aides. home health aid is the fastest growing job in america right now. americans realize that's not what they're raising kids to be. the fact of the matter is, most americans are in the middle of the education spectrum. we've mostly graduated from high school, but we don't have the ph.d.s, we d
they're already working here and are paying some taxes. this will get them fully on the tax rolls. even more important than that for the future of the economy, this will give us the workers we need the the future. both high skilled workers like scientists and low skilled workers that will help grow the economy. >> i would really like to know how you overcome zen phobia. the idea that immigrants come here and steal our jobs. i mean, i always felt the fact of the matter is they're often...
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Jan 28, 2013
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this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready
this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long,...
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Jan 24, 2013
01/13
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he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50 million, taxes hurt. >> other people who have moved around and we talked about tiger woods, what about lebron james? he was a great basketball star in cleveland. when he went to florida to the miami heat, a lot of people in new york said to avoid new york tax rates. anything to that? >> i think obviously there's no doubt when you're signing hundred million dollar contracts having no individual income tax is a big deal but this guy is going to be a billionaire someday. he had more control over putting this team together, there was more freedom over what players could go there. i trip it's always a factor. the
he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50...
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Feb 1, 2013
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
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Jan 30, 2013
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remember when people say, once there's a sales tax, they're history. it didn't matter. >> california, i guess we were wrong, yeah. ease of use. >> it said the 3-d players weren't that strong, tvs weren't that strong. maybe they're buying them at best buy. >> big pause. >> maybe. listen, best buy has been an interesting move up here. by the way, period is going to begin very soon. richard schulze has his opportunity to do due diligence. now, i think the dell -- potential dell ibo got people excited about maybe they could get the equity. i hear it's going to be a very, very, very -- is that three verys? they'll come up with the money they need, even with him rolling in his stake. this may be the fourth quarter numbers, people perceive as being better than anticipated. >> if they're giving money away to netflix, can't they give money away to michael dell? isn't there just this weird supply of money out there? >> there's a lot of money, but it's still seeking a return. >> sometimes. >> yeah, sometimes. >> let's check in with bob who's here on the floor wit
remember when people say, once there's a sales tax, they're history. it didn't matter. >> california, i guess we were wrong, yeah. ease of use. >> it said the 3-d players weren't that strong, tvs weren't that strong. maybe they're buying them at best buy. >> big pause. >> maybe. listen, best buy has been an interesting move up here. by the way, period is going to begin very soon. richard schulze has his opportunity to do due diligence. now, i think the dell -- potential...
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Jan 31, 2013
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guys, it is tax time. and td mare tried just put out a survey on how you want the government to spend your hard-earned cash. joining me now is retail distribution. everyone wants something for their money, right? what do americans feel about how they would like the government to spend their hard-earned tax dollar? >> one of the number one things, mandy, is they wanted the government to decrease the health of cost care and the other is to pay down pet. and they are craving our government to elame nate and get responding on the whole, people do not tax hikes? they do not putting in a little bit more if they feel that they are getting a little bit more back? >> i think actually in the u.s., we just don't like to pay taxes. >> i think you will find that in every country and the world. maybe. but what we see is people don't mind paying more as long as it isn't going to waste. they also want to see reduction in spending to offset that and balance the budget. >> what is the mind-set in terms of what people will d
guys, it is tax time. and td mare tried just put out a survey on how you want the government to spend your hard-earned cash. joining me now is retail distribution. everyone wants something for their money, right? what do americans feel about how they would like the government to spend their hard-earned tax dollar? >> one of the number one things, mandy, is they wanted the government to decrease the health of cost care and the other is to pay down pet. and they are craving our government...
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Jan 30, 2013
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business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good f
business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense...
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Jan 31, 2013
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from federal taxes. nationwide the 1%ers paid 5.6% of their income in state taxes. the bottom 20%, they pay almost twice as much relative to their income. now, the report takes aim at states that are looking to reduce or eliminate income taxes saying it would be unfair and make an unfair system even worse while the bottom are paying more of their paycheck to taxes. the fact, however, remains, high earners pay the bulk of the income taxes in many states. can you read the full story at cnbc.com's inside wealth. back to you. >> so, california's the leading one, but new york is very close, right? new york is, what, you've got 9.8% state ant 3.6% city. >> actually, again, talking about what people actually pay relative to their income, not the published rates. >> and it's surprising to me that new york was not up there. i think it's 7%, maybe even 6%, so it might have been in the top ten but not in the top five. >> okay. that's after deductions is what you're saying. >> that's correct, that's correct. >> stay
from federal taxes. nationwide the 1%ers paid 5.6% of their income in state taxes. the bottom 20%, they pay almost twice as much relative to their income. now, the report takes aim at states that are looking to reduce or eliminate income taxes saying it would be unfair and make an unfair system even worse while the bottom are paying more of their paycheck to taxes. the fact, however, remains, high earners pay the bulk of the income taxes in many states. can you read the full story at cnbc.com's...
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Jan 24, 2013
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. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the problem and that's the issue. on taxes, maria, i think we do have an opportunity to engage in that kind of discussion. we've got this sequestration that will hit march 1st. we have a continuing resolution that will come at the end of that month. there are all kinds of trigger points, if you will, that will facilitate more of these discussions and hopefully will lead to a much broader solution than just going about these kind of discretionary cuts. >> let me get your take on the low hanging fruit in terms of spending cuts. medicare, medicaid, social security, health care costs, the drivers of the debt. w
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the...
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Jan 31, 2013
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interestingly here, the taxes are just and for somebody in new jersey, there is a key, 4300 on that $800 thousand home. let's move to the last one stepping up above to $1.1 million. 600, 30 pj street in st. pete. >>> ty, counting down to super bowl xxxxvii. . brian? >> sue, the sun is out. league is ready. nfl is about squeezing revenue from everywhere. coming up on "power lunch." few places that they get money from you might not expect. we'll be right back. that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> maybe you've heard this. 49ers taking on the ravens. so much is made of the commercials during the game but is the big money really made on the field? brian is live in new orleans. brian? >> tyler, of course. tommy thom
interestingly here, the taxes are just and for somebody in new jersey, there is a key, 4300 on that $800 thousand home. let's move to the last one stepping up above to $1.1 million. 600, 30 pj street in st. pete. >>> ty, counting down to super bowl xxxxvii. . brian? >> sue, the sun is out. league is ready. nfl is about squeezing revenue from everywhere. coming up on "power lunch." few places that they get money from you might not expect. we'll be right back. that has...
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Feb 1, 2013
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cross over. ♪ yeah, we chocolate cross over. ♪ [ male announcer ] introducing fiber one 80 calorie chocolate cereal. ♪ chocolate. >>> welcome back. so remember when president obama's union croonies publicly supported obama care package? that was then. now that big labor has actually had a chance to read the
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little...
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Jan 30, 2013
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you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the argument for munis against the argument for charitable deductions, against the argument for mortgage deductions, so i do think it's something that people need to be cautious about. as a result if i were an investor right now, i would be investing with a shorter duration. and i've said this a lot over the last couple of years, with all the things that have gone on, i would have a professional managing my municipal money, whether it's in a mutual fund, an etf or separately managed account. >> having said that, what are your picks, a few muni picks? >> i did lon
you know, i do have concerns about tax reform. i think the general consensus is that nothing will happen to munis in the debt ceiling talks, but there is a lot of talk about tax reform having some form of tax or limit on deductions for municipalities, and i -- i definitely think that's a possibility. >> okay. so the impact is you're worried about this? >> i'm concerned. i think that everything is on the table. that's what we've heard from washington, and it's hard to make the...
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Jan 31, 2013
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financiervices. >>> facebook >>> facebook reports better than expected earning and revenue but the stock falls anyway. julia borsten is here live from los angeles to explain it. good evening. >> hello to you, larry. facebook did beat on the top and bottom line but the real headlines were all about mobile. zuckerberg talked about the fact that for the first time facebook's daily mobile users exceeded desk top users. facebook says the shift to mobile has been challenging but is a massive opportunity. in the quarter, mobile ad revenue doubled from
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through...
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Jan 30, 2013
01/13
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would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may be $100 billion in damage. you had the physical shutdown from the storm neatly and miserably dovetailing with the mental shutdown cause
would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay....
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Jan 25, 2013
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if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what would be most likely would be a much more aggressive share repurchase. they won't do a one-time dividend like they did years ago. >> your sneaky long is up 1.5%, rick. thanks for stopping by. >> thank you. >> rick sherlund. >>> what do family ties and initial public offering have in common? we'll find out when the ceo of bright horizons joins us next. say farewell to secretary geithner. we'll talk about his legacy and the challenges for his successor, jack lew. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new p
if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what...
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Jan 31, 2013
01/13
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they raised cash knowing they might need that cash to pay much higher taxes, the taxes that a failed attempt to fix the cliff would produce. a huge amount of dough moved to the sidelines immediately. companies themselves accelerated dividend payouts, putting tens of billions of dollars into the hands of shareholders who had no idea what to do with the money other than sit on it. so we came into the new year and we were paralyzed. inventories lean, huge part of the country damaged by a storm, totally dysfunctional food fight animal house government, and we're brimming with cash everywhere, for the biggest rainy day of all, the day we jumped over the cliff. but then we don't do the cliff dive. and contra to stock seer bob dylan, the hard rain, it didn't fall. in fact, we didn't get that much. we didn't get dinged except for the rich, who are the most able to handle it. all right, yeah, i can make a big deal about payroll tax thing, that's no problem. nevertheless, it's a small fraction of what we really feared. stocks kept their favored status, including relatively low taxes on dividen
they raised cash knowing they might need that cash to pay much higher taxes, the taxes that a failed attempt to fix the cliff would produce. a huge amount of dough moved to the sidelines immediately. companies themselves accelerated dividend payouts, putting tens of billions of dollars into the hands of shareholders who had no idea what to do with the money other than sit on it. so we came into the new year and we were paralyzed. inventories lean, huge part of the country damaged by a storm,...
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Jan 28, 2013
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yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're trying to get a few chinese buyers to look at florida. they have not looked at florida at all. miami, palm beach, or any big hot spot. we're trying to get them interested there. if they do get interested, that becomes a super surge in that market. >> and what's your sort of sales pitch? do you think that once you buy into a place like new york or california that the values stay pretty steady? i mean, what's the sales pitch buying into these big cities? >> i think b the rental is very good if you want the exit strategy of a rental. they're go
yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're...
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Jan 28, 2013
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it set a more effective tax system. it reduced taxes going forward. and i think we could have had a booming environment. i may be wrong. that's my own personal belief. if we had a grand bargain, america will take off. i think it's very important for america to get strong. the rest of the world needs us to. europe still has its issues. i think it's important that america kind of took the lead here. >> what does your gut tell you about all of this money moving into stocks recently? do you think this is sustainable? >> yeah, if the economy grows, it's sustainable. you know, it's not just america, it's european, japanese and chinese companies. but you're still buying them at fairly good prices. and your alternatives aren't really that good. so, yes, i'm comfortable owning stocks right now. >> my thanks to jamie di plrksz on. >>> the state of business, the state of investors and the state of europe all part of the conversation here this week from citi ceo to a billionaire philanthropist. here's what they had to say. >> our strategy is really focused around
it set a more effective tax system. it reduced taxes going forward. and i think we could have had a booming environment. i may be wrong. that's my own personal belief. if we had a grand bargain, america will take off. i think it's very important for america to get strong. the rest of the world needs us to. europe still has its issues. i think it's important that america kind of took the lead here. >> what does your gut tell you about all of this money moving into stocks recently? do you...
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Jan 29, 2013
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and don't do it just with higher taxes. that's just one of the results of the exclusive cnbc fed survey. i knew some of this -- so that's what you were talking about, steve. >> yesterday, yeah. >> we were looking for maybe the most -- the one that really jumps out and that is the number of people that say, you know, we do have a spending problem. >> you know, joe, it's the first day of a two-day fed meeting. that means it's time for the fed survey and almost always we start our lead hit is about what the market thinks we're going to do with the fed. but this time, as you said, the results jumped out so starkly, so amazingly that we want to just give you those results of the deficit and spending questions that we asked. so let's take a look at the three questions on spending that we did here. and you can see, as joe said, the message to washington, from wall street to washington is solve the deficit now. we asked, do you think we should solve the deficit problem, not at all? do we have a couple years to do so or should we do
and don't do it just with higher taxes. that's just one of the results of the exclusive cnbc fed survey. i knew some of this -- so that's what you were talking about, steve. >> yesterday, yeah. >> we were looking for maybe the most -- the one that really jumps out and that is the number of people that say, you know, we do have a spending problem. >> you know, joe, it's the first day of a two-day fed meeting. that means it's time for the fed survey and almost always we start...
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Jan 24, 2013
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so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i think the key things to take away from davos is we're becoming the innovative leader and many of the concepts appear to be paying out very well for us. >> so what makes more sense for you right now, dividends, increase or a buyback? >> we're going to poll our shareholders. we've committed to giving you 50% back. >> thank you for join onning the program. >> we so appreciate it. >> thank you. now, look, we were going to talk about this but while we've got maria here, derek jeter, right? >> yes. he came to see me at dinner last night. i was talking about when i threw the
so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i...
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Jan 26, 2013
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we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have fabulous years. that's where you want to put your money, my friend. >> i was reporting in 2007 when we hit dow 14,000 and everyone got slammed on that. there's a hesitance at these levels. what's not getting talked about enough is the impact on consumer sentiment. if you go to any coffee shop, grocery store, anywhere in this country, people are looking at their 401(k), they feel better and i think that will translate into positive consumer spending, which filters into the whole economy. >> the retail investors is getting involved. the money flows are ramping up tr
we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have...
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Jan 28, 2013
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the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still think unfortunately washington and the ranker and the political system remains one of them. >> it sounds you're not as worried about washington. >> we're sadly becoming immune to their antics. >> we'll leave it there. good to see you. thank you so much. >>> about ten minutes to go before we close it up on monday on wall street here. dow jones industrial average still hanging in just below 13,900. >>> well, it has been the feud that continues to be the buzz on wall street. >> and in 2003 i get a call from this ackman guy. he's like the cry baby in the schoolyard. >> carl icahn does not ha
the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still...
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Jan 31, 2013
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ahead of the tax years, 268 billion in december of 2012. of course, we will pay for this surge, the surge in dividends at & ul rate, borrow from this year, dividends rising, still a ways to go to get back to the '08 level. but if we ever do, but this surely means fewer dividend payments for the rest of this year. there is an upside of this, of course, helps government revenue. the treasury having its best december since that tame 2004 december month with a gain. that is up from december a year ago there is the chart that we are talking about this is the month on month year-on-year change for december, going back to 1994. of course this dividend sloshing around could help stocks in january if it's not spent, got to be invested. some ends up in stocks, see if some ends up in spending. >> interesting. you got to wonder if the rotation into stocks out of bonds was that or if it was rotation out of dividend payment nice stocks. >> some people plot it back in, go back into stocks. >> your thoughts on mfp tomorrow and the degree which the last few
ahead of the tax years, 268 billion in december of 2012. of course, we will pay for this surge, the surge in dividends at & ul rate, borrow from this year, dividends rising, still a ways to go to get back to the '08 level. but if we ever do, but this surely means fewer dividend payments for the rest of this year. there is an upside of this, of course, helps government revenue. the treasury having its best december since that tame 2004 december month with a gain. that is up from december a...
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Jan 29, 2013
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new year, and now a lot of those uncertainties have been wiped away with the budget ceiling and the tax situation that i think gives us a great deal of improvement, but as dandy don used to say when he hosted "monday night live," when it became obvious, he used to sing "turn out the lights, the party is over," and i think that's what's happening now. investors are realizing that the bond market party may be over, and it's time to shift to equities. >> let me ask you again. how are you allocating capital then in. >> we like a lot of sectors in the equity market. we like energy, materials and industrials, and some of the technology names are looking really pretty right now. >> rick, it's a perfect segue to you. he said the bond market party may be over. is it? >> well, no, i absolutely do not think so. here we are still toying with 2% as we get close to record highs in the dow jones industrial average. there's an incongruent relationship there, just like there's an incongruent relationship with the fact that we're talking about the dow near records, and tomorrow morning at 8:30 eastern i'
new year, and now a lot of those uncertainties have been wiped away with the budget ceiling and the tax situation that i think gives us a great deal of improvement, but as dandy don used to say when he hosted "monday night live," when it became obvious, he used to sing "turn out the lights, the party is over," and i think that's what's happening now. investors are realizing that the bond market party may be over, and it's time to shift to equities. >> let me ask you...
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Jan 31, 2013
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corporate tax system. it's very dysfunctional, and it retards investment and investment, in turn, is what creates gdp growth and jobs. >> yet we were going to do that i think. i think simpson-bowles told us to do that. do you know where we are in that, andrew we've talked about it a few times. where are we on the -- >> nowhere. nowhere. we're nowhere. >> wee nowhere on the tax -- once we got that 39.6 on the high end, we're not even talking about taxes anymore. right? it's like -- i don't know what happened to all the other recommendations of simpson-bowles. but, do you think that we will talk about them again at some point? >> well, i think we'll talk about them. the president came to the business roundtable not long ago, and stated unequivocally, he's for corporate tax reform. including a lower rate and a modified territorial system. the secretary of the treasury has said that. >> the new one or the old one? >> well, i don't know about jack lew, but i know timothy geithner was in favor of it. >> okay. >>
corporate tax system. it's very dysfunctional, and it retards investment and investment, in turn, is what creates gdp growth and jobs. >> yet we were going to do that i think. i think simpson-bowles told us to do that. do you know where we are in that, andrew we've talked about it a few times. where are we on the -- >> nowhere. nowhere. we're nowhere. >> wee nowhere on the tax -- once we got that 39.6 on the high end, we're not even talking about taxes anymore. right? it's...
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Feb 1, 2013
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tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys at this point in time. i'm not overly apt mystic as well. i might have a slightly different take on things right now. >> mike sb is there one particular cells signal i should watch for right now. >> i don't know about the previous guest ten-year target, but i think what happen says if rates rice, especially caused by the bond market self and not the fed or other central banks around the world, that could choke off u.s. economic recovery quickly. the other issue is while jobs appear to be growing they don't appear to be growing at a rate that's going to provide that big aggressive move in the h
tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys...
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Jan 24, 2013
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avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value added industries which i'm a part of $96 billion of investment already announced. 5 million new jobs over the next five years. huge value adder to a low-cost energy base. >> i don't know if you saw the president's inauguration speech. >> i caught part of it. >> do you feel that this administration, and forget about the administr
avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your...
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Jan 29, 2013
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they didn't mind paying the taxes. they are buying back stock. what a good call. >> all true. it's an interesting point you make, one that we perhaps don't focus enough on, in creating enthusiasm amongst your own employee base in order to attract talent, in order to keep talent. she seems to be having success at doing that. >> she has charisma. >> it is about free cafeteria food and issuing iphones to employees. >> it's important when it's a turn-around story and there has to be one or two more quarters for the results to be seen. that's a great point you made, because these are needed expectations, the fact that they beat, and they show the business lines weren't doing much worse. but revenues were better than consensus. it was a stability quarter. they bought back a lot of stock, because it's extremely investment friendly. >> a number of directors on the board will be focused on that. dan loeb is still in there. probably will be for some time. and has done very well with it. that helps also. he was key in terms of at least the appointment of mayer to the job. >> but look, th
they didn't mind paying the taxes. they are buying back stock. what a good call. >> all true. it's an interesting point you make, one that we perhaps don't focus enough on, in creating enthusiasm amongst your own employee base in order to attract talent, in order to keep talent. she seems to be having success at doing that. >> she has charisma. >> it is about free cafeteria food and issuing iphones to employees. >> it's important when it's a turn-around story and there...
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Jan 24, 2013
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obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they are. so, i think there's a real sense of urgency now to get a consensus on tax reform, to have a simpler and fairer systems to deal with areas were there's consensus. believe it or not, despite all the fighting in washington, there's a great consensus that we need tax reform and i think there's a growing consensus about even the elements to it. >> well, tax reform, the question is the tax tape, do you thank you obama is shifting the debate now, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict.
obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they...
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Jan 31, 2013
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had michelle meyer here yesterday saying q-1 gdp might see a slight setback because of the payroll tax increase hitting the consumer. second quarter will see the impact of sequestration. that is the conventional wisdom right now we will have the automatic spending cuts. >> if you look at the personal next number, that was very, very bullish. the fed is doing -- and i think, getting what they want. you could make an argument that if you look at the first kind of two, three of the asset buying, essentially they didn't work. we are now actually seeing traction. that's a function of the market slowly recovering or what the fed is doing is finally working. i think it's a little bit of both. but again, you are getting healing. you are getting household wealth higher. this is one of the things they were targeting. >> right. okay. i believe that rebecca's issues are fixed. >> can you hear me now? >> we thought we might be able to mime, you know, you could mime your answers, but you know, having audio is much better. >> you guys are great lip readers. that was exactly what i said. >> see that?
had michelle meyer here yesterday saying q-1 gdp might see a slight setback because of the payroll tax increase hitting the consumer. second quarter will see the impact of sequestration. that is the conventional wisdom right now we will have the automatic spending cuts. >> if you look at the personal next number, that was very, very bullish. the fed is doing -- and i think, getting what they want. you could make an argument that if you look at the first kind of two, three of the asset...
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Feb 1, 2013
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tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats have to recognize the best way to do it isn't raising marginal rates and underwriting an inefficient system. >> as someone who spent last week at davos and he said that he talked to a large number of european ceos who are eager about investing in the united states because of our projected suspensionly lower energy policy because of shell of course we're going to get out of our way and saying let them do it. but that's encouraging that they can think about moving plants here now. >> absolutely. i was at davos, too, and the most
tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats...
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Jan 28, 2013
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this does include taxes, and it is a hotel. but it doesn't include your mortgage. you're paying $95 million. and then what do you pay -- >> during the commercial break i guessed 17 grand a month. >> i would like to raise that -- >> 17 grand a month? >> to 55 grand a month. >> very close. 60,000 a month in monthly maintenance fees. now that does include twice -- it includes maid service and a spa and some other things. so you're paying $95 million and then you're paying $60,000 a month in maintenance. but we bring you through all kind of apartments tonight. $160 million worth of real estate in new york. >> are these places back? i mean for awhile things crashed and nobody could afford these places. are they really back? because we still talk about how on wall street those pay packages are coming back. >> that's what everyone was saying a year ago, two years ago. two things happened. one is foreign money. i mean one of the great things about this show tonight is we bring you through with a russian buyer as he's in central park west. the russians, the chinese, the lat
this does include taxes, and it is a hotel. but it doesn't include your mortgage. you're paying $95 million. and then what do you pay -- >> during the commercial break i guessed 17 grand a month. >> i would like to raise that -- >> 17 grand a month? >> to 55 grand a month. >> very close. 60,000 a month in monthly maintenance fees. now that does include twice -- it includes maid service and a spa and some other things. so you're paying $95 million and then you're...
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Jan 31, 2013
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we've seen the beginnings of the tax side of that, now we have to see the spending cut side of that. it will be hard and grind out and ultimately just like we believe the baby grand bargain will be achieved the work will be done and we'll get there. >> can the market rally unless we get that? if we don't get that until the fall time frame what does that mean for the market overall? >> i think we can rally. earnings are good. we're expecting a tick-up this year in the u.s. economic growth through about 2.5%. we think global growth can go from 3% to 4%. all of that creates a solid underpinning and what comes in to create that reallocation in a big way is the deal in washington, is the grand bargain and the transparency as well as clarity on fiscal policy. >> great to have you. keith banks, u.s. trust president right here. >>> all right, our market discussion doesn't end here. coming up this hour, double line capital's bonnie baha discusses bonds and whether there is a bubble in fixed income. let's go over to julia boorstin in l.a. for some news on facebook. >> facebook is getting into
we've seen the beginnings of the tax side of that, now we have to see the spending cut side of that. it will be hard and grind out and ultimately just like we believe the baby grand bargain will be achieved the work will be done and we'll get there. >> can the market rally unless we get that? if we don't get that until the fall time frame what does that mean for the market overall? >> i think we can rally. earnings are good. we're expecting a tick-up this year in the u.s. economic...
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Jan 29, 2013
01/13
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CNBC
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one other thing, the tax rate was interesting on this. it looked a little higher than what they paid in the past. i think they paid 25%, 30% in the past. it was close to 45%, so, maybe on the call we'll get clarity on that. >> if amazon is doing better on the margins here, their cost of sales have gone up. but jeff has been investing in these fulfillment centers. their global story. people assume they are going to get their top line growth. if they are doing better on the margin, they are investing in their infrastructure. they will take the next global in the global retail earl that's in the traditional format. this is why you reward amazon, though i don't reward them from a stock purchase, because i don't chase stocks like this. this stock has boomed because it was down 8.5% going into the numbers. >> is this a hedge fund favorite, anthony? >> i think so. i think it's a retail favorite because jeff is now the cult of steve jobs. he's the risk taker, he's the innovat innovator, the great p.r. person. two articles, literally, in the same
one other thing, the tax rate was interesting on this. it looked a little higher than what they paid in the past. i think they paid 25%, 30% in the past. it was close to 45%, so, maybe on the call we'll get clarity on that. >> if amazon is doing better on the margins here, their cost of sales have gone up. but jeff has been investing in these fulfillment centers. their global story. people assume they are going to get their top line growth. if they are doing better on the margin, they are...
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Jan 27, 2013
01/13
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CNN
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so skin can replenish itself. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh! makeover in hollywood. go to facebook.com/progresso to enter. >>> welcome back, everyone. 21 minutes past the hour. president obama expects football to gradually become less violent. he tells "the new republic." i'm a big football fan, but i have to tell you, if i had a son, i would have to think long and hard before i let him play football. ." president obama is less worried about the nfl where players are grown men and are paid well and more worried about young men playing. >>> the super bowl is a big game. and aya nba dejo wants to talk about marriage equality and same-sex
so skin can replenish itself. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh!...
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Jan 29, 2013
01/13
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CNN
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ask which transitions adaptive lens is best for you. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hiltondouble.com. on all your hotel stays through march thirty first. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>> our second story "outfront," transformational or overrated? which word better describes the legacy of hillary rodham clinton as secretary of state? president obama thinks the first option is what people think. >> i think hillary will go down as one of the finest secretaries of
ask which transitions adaptive lens is best for you. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hiltondouble.com. on all your hotel stays through march thirty first. a hybrid? most are just no fun to...
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Jan 27, 2013
01/13
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CNN
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> she's not expected to leave her post as secretary of state for a few days yet, but already hillary clinton has fans wanting her on the ballot for president in 2016. >> i think she's accomplished an incredible record. i think she has really unbridled popularity. she has a total knowledge of all of the issues. she has served in the senate. she has been -- >> you're a fan. >> i am a fan. >> you want her to run. >> i would love it if she would run. >> so maybe she has one more chapter in history to make or maybe embrace a new role in the civilian world. douglas brinkley joins us live. hillary clinton had a fairly smooth ride as u.s. senator and secretary of state. where does this secretary, this great woman, secretary of state, first lady fit into the historical landscape sph. >> there's no one quite like her. there is eleanor roosevelt, but hill
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> she's not expected to leave her post as secretary of state for a few days yet, but already hillary clinton has fans wanting her on the ballot for president in 2016. >> i think she's accomplished an incredible record. i think she has really unbridled popularity. she has a total knowledge of all of the...
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Jan 29, 2013
01/13
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CNN
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one line, infinite possibilities. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might h
one line, infinite possibilities. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed...
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Jan 27, 2013
01/13
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CNN
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the irs begins processing individual income tax returns, 1040 forms. other forms can be filed in late february or early march
the irs begins processing individual income tax returns, 1040 forms. other forms can be filed in late february or early march
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Jan 29, 2013
01/13
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CNN
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they should pay taxes and a penalty, and they should learn english. i think we're still waiting to see as the details are flushed out in these plans as they become more specific, you would think obviously that whatever pathway the president is proposing is probably going to fall to the left of something that republicans have signed to in the senate. i think that's a fair assumption. also the senate planned like to tie border security directly to the pathway to citizenship. and we don't think the white house is totally on board with that. but they're also not completely poo-pooing it because they're trying to capitalize on this moment now when republicans are also along with democrats saying something has to be done on the issue. >> so some are saying that this was thunder stealing in terms of the -- the senators announcing their proposals yesterday. the president announcing his proposals today. and that there was actually quite a bit of backroom dealing in order to convince the president maybe not to do certain things. how did all of that play out? >>
they should pay taxes and a penalty, and they should learn english. i think we're still waiting to see as the details are flushed out in these plans as they become more specific, you would think obviously that whatever pathway the president is proposing is probably going to fall to the left of something that republicans have signed to in the senate. i think that's a fair assumption. also the senate planned like to tie border security directly to the pathway to citizenship. and we don't think...
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Jan 24, 2013
01/13
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CNN
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people are starting to play between states with high taxes and states with low taxes. a lot of people are leaving california and it's businesses that are leaving too. especially medium sized businesses that employ a fair number of people that are going to places like utah and idaho. this is not necessarily a great thing that we have got. companies moving around and people considering moving around. what we really need is for people to be thinking about the best ways to be productionive wherever they happen to be and not to figure out where they can go to skirt the laws. >> thank you. >> sure thing. >> coming up, the growing problem of revenge porn. say you are in a relationship that ends badly. your ex-has access to intimate foties of you. those picture may end up online posted on revenge porn websites. that story is next. [ woman ] uh-oh. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast! [ male announcer ] stop the uh-oh fast with kaopectate. >>> at the world economic forum in switzerland where the glob
people are starting to play between states with high taxes and states with low taxes. a lot of people are leaving california and it's businesses that are leaving too. especially medium sized businesses that employ a fair number of people that are going to places like utah and idaho. this is not necessarily a great thing that we have got. companies moving around and people considering moving around. what we really need is for people to be thinking about the best ways to be productionive wherever...